Quanex Building Products (NX)
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NX SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Announces that Quanex Building Products Investors Have Opportunity to Lead Class Action Lawsuit
Globenewswire· 2025-11-09 13:56
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Quanex Building Products Corporation due to alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status in a class action lawsuit by November 18, 2025 [2][4]. Company Overview - Quanex Building Products Corporation is publicly traded on the NYSE under the ticker NX [2]. - The company has faced significant operational challenges, particularly related to its Tyman Mexico facility, which have negatively impacted its financial performance [5][6]. Allegations and Financial Impact - The complaint alleges that Quanex and its executives made false or misleading statements regarding the maintenance of tooling and equipment at the Tyman facility, which were significantly underinvested [4]. - As a result of these issues, the company reported a diluted EPS of ($6.04) for Q3 2025, a decline from $0.77 in the same period the previous year, and an adjusted EBITDA of $70.30 million [5]. - The operational challenges led to a nearly $5 million negative impact on EBITDA in the Hardware Solutions segment during Q3 2025 [6]. Stock Performance - Following the announcement of the financial results and operational issues, Quanex's stock price fell by $2.73, or 13.1%, closing at $18.18 per share on September 5, 2025, with unusually heavy trading volume [6]. - The stock continued to decline, dropping an additional $1.98, or 10.9%, to close at $16.20 per share on September 8, 2025 [7]. Legal Proceedings - Investors who purchased or acquired securities in Quanex between December 12, 2024, and September 5, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal rights [1][2]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding Quanex's conduct [9].
ROSEN, NATIONAL TRIAL COUNSEL, Encourages Quanex Building Products Corporation Investors to Secure Counsel Before Important November 18 Deadline in Securities Class Action – NX
Globenewswire· 2025-11-07 22:29
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Quanex Building Products Corporation during the specified Class Period of the upcoming lead plaintiff deadline on November 18, 2025 [1]. Group 1: Class Action Details - Investors who purchased Quanex securities between December 12, 2024, and September 5, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting the law firm or visiting their website [3][6]. - To serve as lead plaintiff, individuals must file a motion with the court by November 18, 2025 [3]. Group 2: Legal Representation - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions [4]. - The firm has achieved significant settlements in the past, including the largest securities class action settlement against a Chinese company and has consistently ranked highly in terms of settlements [4]. Group 3: Case Allegations - The lawsuit alleges that Quanex made false and misleading statements regarding its tooling and equipment maintenance policies, which were significantly underinvested [5]. - It is claimed that the conditions of the tooling and equipment had degraded to near catastrophic levels, leading to significant costs and delays in expected benefits from the Tyman integration [5]. - The lawsuit asserts that Quanex had previously identified these issues, and the positive statements made by the defendants were materially misleading [5].
SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Quanex Building Products
Newsfile· 2025-11-07 15:07
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Quanex Building Products Corporation due to alleged violations of federal securities laws related to misleading statements and undisclosed operational issues affecting the company's performance [2][5]. Summary by Sections Legal Investigation - Faruqi & Faruqi, LLP is encouraging investors who suffered losses in Quanex to contact them for discussing legal options, particularly in light of a federal securities class action with a deadline for lead plaintiff applications on November 18, 2025 [1][2]. Company Performance and Issues - Quanex reported significant operational issues in its Tyman Mexico facility, which were described as "underinvested" and leading to "catastrophic" conditions for tooling and equipment [5][6]. - The company disclosed a diluted EPS of ($6.04) for Q3 2025, a significant decline from $0.77 in the same period the previous year, alongside an adjusted EBITDA of $70.30 [6]. - CEO George Wilson noted that operational challenges negatively impacted EBITDA in the Hardware Solutions segment by nearly $5 million in Q3 2025, with issues identified midyear during the Tyman integration [7]. Stock Market Reaction - Following the announcement of these operational issues, Quanex's stock price fell by $2.73 (13.1%) to close at $18.18 on September 5, 2025, with continued decline to $16.20 (10.9%) on September 8, 2025, both on unusually heavy trading volume [7].
ROSEN, LEADING INVESTOR COUNSEL, Encourages Quanex Building Products Corporation Investors to Secure Counsel Before Important November 18 Deadline in Securities Class Action - NX
Newsfile· 2025-11-07 02:12
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Quanex Building Products Corporation during the specified class period of the upcoming lead plaintiff deadline on November 18, 2025 [2][8]. Group 1: Class Action Details - Investors who purchased Quanex securities between December 12, 2024, and September 5, 2025, may be entitled to compensation through a contingency fee arrangement [3][4]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by the deadline [4][9]. Group 2: Case Allegations - The lawsuit alleges that Quanex made false and misleading statements regarding its tooling and equipment maintenance policies, particularly in its Tyman Mexico facility, which were significantly underinvested [6]. - It is claimed that the conditions of the tooling and equipment had degraded to near catastrophic levels, leading to significant costs and delays in expected benefits from the Tyman integration [6]. - The lawsuit asserts that Quanex had previously identified these issues, and the positive statements made by the defendants about the company's business and prospects were materially misleading [6]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements in this area [5]. - The firm has recovered hundreds of millions of dollars for investors and was ranked No. 1 for securities class action settlements in 2017 [5].
SHAREHOLDER INVESTIGATION: Faruqi & Faruqi, LLP Examining Potential Securities Law Violations at Quanex Building Products
Businesswire· 2025-11-06 16:19
Core Insights - Faruqi & Faruqi, LLP is investigating potential securities law violations at Quanex Building Products Corporation following significant financial losses reported by the company [2][3][4] Financial Performance - Quanex reported a diluted EPS of ($6.04) for Q3 FY2025, a substantial decline from $0.77 in the same period last year [3] - The company disclosed operational issues at its Tyman Mexico hardware business, which negatively impacted EBITDA by nearly $5 million in Q3 [4] - Adjusted EBITDA for the quarter was reported at $70.30 million, with the company adjusting for lower expected volumes and delaying procurement savings from Tyman integration [3][4] Stock Market Reaction - Following the earnings announcement, Quanex's stock price fell by $2.73, or 13.1%, closing at $18.18 per share on September 5, 2025, with unusually high trading volume [4] - The stock continued to decline on September 8, 2025, dropping an additional $1.98, or 10.9%, to close at $16.20 per share [4]
ROSEN, A TOP RANKED LAW FIRM, Encourages Quanex Building Products Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - NX
Newsfile· 2025-11-06 00:17
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Quanex Building Products Corporation during the specified class period of the upcoming lead plaintiff deadline for a class action lawsuit [2][4]. Group 1: Class Action Details - Investors who bought Quanex securities between December 12, 2024, and September 5, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [3]. - A class action lawsuit has already been filed, and interested parties must move the court to serve as lead plaintiff by November 18, 2025 [4][6]. Group 2: Allegations Against Quanex - The lawsuit alleges that Quanex made false and misleading statements regarding its tooling and equipment maintenance policies at its Tyman Mexico facility, which were significantly underinvested [6]. - It is claimed that the conditions of the tooling and equipment had degraded to near catastrophic levels, leading to significant costs and delays in expected benefits from the Tyman integration [6]. - The lawsuit asserts that Quanex had previously identified these issues, and the positive statements made by the defendants about the company's business and prospects were materially misleading [6]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [5]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [5].
QUANEX CLASS ACTION REMINDER: Bragar Eagel & Squire, P.C. Reminds Quanex Investors of the Upcoming November 18th Deadline in Filed Class Action
Globenewswire· 2025-11-03 22:33
Core Viewpoint - A class action lawsuit has been filed against Quanex Building Products Corporation for allegedly making materially false and misleading statements regarding its business operations and prospects during the specified class period [3][7]. Allegation Details - The lawsuit claims that Quanex failed to disclose significant issues related to its tooling and equipment maintenance at the Tyman Mexico facility, which were "underinvested" and had degraded to near "catastrophic" levels [3]. - It is alleged that these undisclosed issues would likely lead to significant costs and delay the expected benefits from the Tyman integration [3]. - The complaint asserts that Quanex had previously identified these issues, making the company's positive statements about its business misleading and lacking a reasonable basis [3]. Next Steps - Investors who purchased Quanex shares between December 12, 2024, and September 5, 2025, and suffered losses are encouraged to contact the law firm for more information and to discuss their legal rights [4][7]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is November 18, 2025 [7]. About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in complex litigation across the United States [5].
ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Quanex Building Products Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – NX
Globenewswire· 2025-10-31 19:15
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Quanex Building Products Corporation during the specified Class Period of the upcoming lead plaintiff deadline on November 18, 2025 [1] Group 1: Class Action Details - Investors who purchased Quanex securities between December 12, 2024, and September 5, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by the deadline [3] - The lawsuit alleges that Quanex made false and misleading statements regarding its operations and failed to disclose significant issues with its tooling and equipment maintenance, leading to investor damages when the truth was revealed [5] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4] - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone, and has been recognized as a leader in securities class action settlements [4]
SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Quanex Building Products
Globenewswire· 2025-10-30 15:39
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Quanex Building Products Corporation due to alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status in a class action lawsuit by November 18, 2025 [4][10]. Group 1: Allegations Against Quanex - The complaint alleges that Quanex and its executives made false or misleading statements and failed to disclose significant underinvestment in tooling and equipment maintenance at its Tyman Mexico facility [6]. - It is claimed that the conditions of tooling and equipment had degraded to near catastrophic levels, leading to significant costs and delays in expected benefits from the Tyman integration [6]. - The complaint also states that Quanex had previously identified these issues, which rendered the company's positive statements about its business and operations materially misleading [6]. Group 2: Financial Impact - On September 4, 2025, Quanex reported a diluted EPS of ($6.04), a significant decline from $0.77 in the same period the previous year, and an adjusted EBITDA of $70.30 [7]. - The company disclosed ongoing operational issues related to the Tyman business that impacted results more than expected during the third quarter of 2025 [7]. - During an earnings call on September 5, 2025, CEO George Wilson noted that operational challenges negatively impacted EBITDA in the Hardware Solutions segment by almost $5 million in the third quarter alone [8]. Group 3: Stock Price Reaction - Following the announcement of poor financial results, Quanex's stock price fell by $2.73, or 13.1%, closing at $18.18 per share on September 5, 2025, with unusually heavy trading volume [8]. - The stock continued to decline, dropping an additional $1.98, or 10.9%, to close at $16.20 per share on September 8, 2025, also on unusually heavy trading volume [9].
QUANEX CLASS ACTION ALERT: Bragar Eagel & Squire, P.C. Urges Quanex Stockholders to Contact the Firm Regarding Their Rights
Globenewswire· 2025-10-29 21:38
Core Viewpoint - A class action lawsuit has been filed against Quanex Building Products Corporation for allegedly making materially false and misleading statements regarding its business operations and prospects during the specified class period [3][8]. Allegation Details - The lawsuit claims that Quanex failed to disclose significant underinvestment in tooling and equipment maintenance at its Tyman Mexico facility, leading to degraded conditions [3]. - It is alleged that the company was likely to incur substantial costs, delaying the expected benefits from the Tyman integration [3]. - The complaint asserts that Quanex had previously identified these issues, contradicting the positive statements made by the defendants about the company's operations and prospects [3]. Next Steps - Investors who purchased Quanex shares between December 12, 2024, and September 5, 2025, and suffered losses are encouraged to contact the law firm for more information and to discuss their rights [4][8]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is November 18, 2025 [8]. About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in complex litigation across various courts [5].